Gordon Johnson, CEO of GLJ Research, contrasted the affordability of plug-in hybrids to battery electric vehicles, spotlighting the cost benefits of the former.
What Happened: On Thursday, Johnson discussed the automotive industry’s direction regarding electric vehicles (EVs) during CNBC’s “Last Call.” He pointed out the stark price difference between plug-in hybrids and battery electric vehicles (BEVs), comparing Tesla Inc. (NASDAQ:TSLA) and Toyota Motor Corporation (NYSE:TM) emphasizing the cost-effectiveness of plug-in hybrids.
"Toyota bet on basically plug-in hybrids. Tesla bet on pure electrics," Johnson stated.
“The cost of an average plug-in [is] $27K. The cost of an average BEV [is] $44K.”
"Toyota bet on basically plug-in hybrids. Tesla bet on pure electrics," says @GordonJohnson19. "Here's why plug-ins are better, very simply. The cost of an average plug-in [is] $27K. The cost of an average BEV [is] $44K." pic.twitter.com/mOubEwRx76